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Yahoo Finance is the exclusive online host of the Berkshire Hathaway 2018 Annual Shareholders Meeting, coming Saturday, May 5th. For the third year this event is being live-streamed for all of the world to see. Investors and non-investors alike can witness history, live, as Chairman and CEO Warren Buffett and his right-hand man Charlie Munger share their unscripted views on the company, the markets, the economy, corporate governance, and a lot more.

Stock market valuation metrics like CAPE appear to signal trouble for the stock market. Warren Buffett is among the experts who argue that valuations must be considered in the context of interest rates.

EBITDA lets companies add expenses from interest, tax, depreciation, and amortization back onto net income. "Now they use it in the business schools," Munger said. "Now, that is, that is horror squared."